At a Glance
- Tasks: Lead a dynamic team to enhance data strategies and drive pricing accuracy.
- Company: Join Somerset Bridge Group, a forward-thinking company in the insurance sector.
- Benefits: Enjoy hybrid working, generous leave, bonuses, and exclusive discounts.
- Other info: Embrace a culture of continuous learning and professional development.
- Why this job: Make a real impact by innovating data-driven solutions in a competitive market.
- Qualifications: Strong management skills, analytical mindset, and experience in pricing techniques required.
The predicted salary is between 90000 - 90000 € per year.
At Somerset Bridge Group we are seeking a Data Enrichment Manager to build and lead our Data Enrichment Team, supporting the Head of Analytics and R&D in achieving the overall objectives of the function as a whole. The successful candidate will take ownership of developing and delivering the company's data enrichment strategy, ensuring the effective use of internal and external data to enhance pricing accuracy, underwriting insight and customer understanding. Through innovative and responsible use of data, help the business deliver the right prices to the right customers in a dynamic and competitive market, driving sustainable growth, improved trading performance and fair value for customers in line with regulatory expectations and company goals.
What you'll be responsible for:
- Lead the Data Enrichment Team towards the delivery of objectives
- Manage workload, prioritize and delegate tasks within the Data Enrichment Team to ensure timely delivery of initiatives
- Define clear goals for the team, provide constructive feedback, and support professional development
- Motivate members of the Data Enrichment Team
- Continuously search for available new data sources
- Deliver a steady flow of high-quality rate change proposals
- Oversee deployment of approved rate changes
- Liaise with other teams (Trading, Finance, and operational teams, etc.) to highlight predicted impact of upcoming rate changes
- Collaborate with IT and data engineering teams to ensure data infrastructure and pipelines are robust, scalable, and secure
- Always keep customers in mind to ensure good value to customers, with extra attention to vulnerable customers
- Stay informed on market developments, competitor activity, and emerging trends; react if/as necessary
- Understand all the data currently available; highlight concerns & propose solutions
- Identify opportunities to harvest value from existing or new data sources; generate new rating factors
- Work with internal stakeholders and suppliers to explore new data enrichment opportunities (DPIA, contracts, invoices, etc.)
- Fully understand every aspect of the premium calculation; understand how RADAR and rate changes in RADAR work
- Stay abreast of the latest advancements in data science and machine learning, identify opportunities to incorporate new technologies and methodologies into the team's work
- Promote a culture of continuous learning, encourage the exploration of innovative data-driven solutions
- Identify leaks & opportunities and propose pricing adjustments to improve performance
- Identify, report, and action breaches and pricing errors
- Work with internal stakeholders and suppliers to deliver objectives (contracts, DPIAs, invoices, co-funds, etc.)
- Ensure compliance with all relevant regulatory requirements and industry standards in pricing strategies and practices
- Promote data governance best practices, ensuring data integrity, quality, and security in all pricing activities
- Document rate changes, models, processes, and analytical methodologies for transparency and audit purposes
- Continuously search for ways to do things better; question everything, think outside the box
What you'll need:
- Strong management and mentoring skills to develop a high-performing team of pricing professionals
- Strong analytical mindset
- Logical thinker
- Question everything; search for innovative new solutions
- Passion for data driven decisions
- Underwriting experience
- Proficiency in pricing techniques, statistical modelling, and predictive analytics
- Knowledge of the insurance market and competitive dynamics
- Commercial awareness and drive for practical outcomes
- Comprehensive understanding of the motor insurance industry, its regulatory environment, and market trends
- Ability to develop long-term pricing strategies that balance customer satisfaction, profitability, and market competitiveness
- Exceptional capability to interpret and synthesize large and complex datasets into actionable pricing recommendations
- Advanced knowledge of tools such as RADAR, Python, R, SQL, Excel, and data visualization platforms (e.g., Tableau, Power BI)
- Strong cross-functional collaboration
- Good communication skills; ability to present complex data insights clearly and persuasively to both technical and non-technical audiences (both in writing and verbal)
- Desire and capability of strategic planning
- Strong prioritization and delegation skills
- Deep knowledge of statistical methods and general insurance pricing methods and techniques
- Stakeholder management skills
- Programming skills
- Deep knowledge and understanding of data science / mathematics (at least one area) would be an advantage
Our Benefits:
- Hybrid working – 2 days in the office and 3 days working from home
- 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
- Discretionary annual bonus
- Pension scheme – 5% employee, 6% employer
- Flexible working – we will always consider applications for those who require less than the advertised hours
- Flexi-time
- Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
- Electric vehicle – salary sacrifice scheme
- 100’s of exclusive retailer discounts
- Professional wellbeing, health & fitness app - Wrkit
- Enhanced parental leave, including time off for IVF appointments
- Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
- Life Assurance - 4 times your salary
- 25% Car Insurance Discount
- 20% Travel Insurance Discount
- Cycle to Work Scheme
- Employee Referral Scheme
- Community support day
Data Enrichment Manager in East Grinstead employer: Somerset Bridge
At Somerset Bridge Group, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee growth and well-being. As a Data Enrichment Manager, you will benefit from a hybrid working model, generous annual leave, and a range of health and wellness initiatives, all while being part of a forward-thinking team dedicated to innovative data solutions in the insurance sector. Our commitment to professional development and flexible working arrangements makes us an exceptional employer for those seeking meaningful and rewarding careers in East Grinstead.
StudySmarter Expert Advice🤫
We think this is how you could land Data Enrichment Manager in East Grinstead
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, or even hit up LinkedIn. The more people you know, the better your chances of landing that Data Enrichment Manager role.
✨Tip Number 2
Show off your skills! Prepare a portfolio or case studies that highlight your experience with data enrichment strategies and analytics. When you get the chance to chat with potential employers, let them see what you can do!
✨Tip Number 3
Practice makes perfect! Get ready for interviews by doing mock sessions with friends or mentors. Focus on articulating your analytical mindset and how you’ve tackled challenges in previous roles. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! We’re always on the lookout for talented individuals like you. Keep an eye on our job postings and make sure your application stands out by showcasing your passion for data-driven decisions.
We think you need these skills to ace Data Enrichment Manager in East Grinstead
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Data Enrichment Manager role. Highlight your experience in data management, analytics, and team leadership. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about data enrichment and how you can contribute to our team. Keep it engaging and relevant to the job description.
Showcase Your Analytical Skills:In your application, don’t forget to showcase your analytical mindset and any relevant tools you’ve used, like RADAR or Python. We love seeing how you’ve tackled complex datasets in the past!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Somerset Bridge
✨Know Your Data Inside Out
Before the interview, dive deep into the data enrichment strategies relevant to the insurance market. Familiarise yourself with tools like RADAR, Python, and SQL, and be ready to discuss how you can leverage these to enhance pricing accuracy and customer understanding.
✨Showcase Your Leadership Skills
As a Data Enrichment Manager, you'll need to lead a team effectively. Prepare examples of how you've motivated teams in the past, managed workloads, and provided constructive feedback. Highlight your mentoring skills and how you've developed high-performing teams.
✨Stay Ahead of Market Trends
Research current trends in the insurance market and competitor activities. Be prepared to discuss how you would react to these developments and propose innovative solutions that align with the company's goals for sustainable growth.
✨Communicate Complex Insights Clearly
Practice explaining complex data insights in simple terms. You might be asked to present your thoughts on pricing strategies or data-driven decisions, so ensure you can articulate your ideas clearly to both technical and non-technical audiences.
